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Re: Retiree Roth Conversion Decision Model

Thank you Bigfoot48 for this truly wonderful spreadsheet. To me, it was like finding the Holy Grail. My wife and I are now able to make rational decisions about our financial future. You saved us from having to pay an extra $50,000 for our 2014 taxes. I've been walking on a cloud since I found your...
by BigFoot48
Mon Apr 21, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Conversion Decision Model
Replies: 102
Views: 19414

Re: Net Worth Survey, 2014 Edition

I'm not doubting we have some high achieving outliers on this forum but I'd really just love to hear the story (with numbers) on how these amounts were accumulated so fast at such young age, by so many people. You might find this thread of interest: Bogleheads' "Rags to Riches" Stories ht...
by BigFoot48
Sat Apr 19, 2014 2:50 am
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18678

Re: Tried to get credit report - security questions don't ma

Ditto on all of the above. Equifax came up on my six month rotation for a report a few weeks ago and two attempts at getting it were failures with the "please contact us" message. TransUnion worked just fine.
by BigFoot48
Fri Apr 18, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Tried to get credit report - security questions don't match
Replies: 53
Views: 6119

Re: Net Worth Survey, 2014 Edition

sambb wrote:Is the line a "best fit line" on the log scale?

I just looked and it appears to be a standard Excel linear trendline and probably should have been a logarithmic treadline, but the difference is slight.
by BigFoot48
Wed Apr 16, 2014 7:03 pm
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18678

Re: Net Worth Survey, 2014 Edition

I haven't taken the survey yet but looking at the results I'd really love to know how so many 28-30 yr olds have $300-700k portfolios. Excluding lottery, gameshow, etc. winners it doesn't seem reasonable to accumulate that much so soon out of college. Am I missing something? Is it more normal than ...
by BigFoot48
Wed Apr 16, 2014 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18678

Re: SS Strategy Metric

We took at 62 after I did numerous calculations too (we're now 65), but I have just used my Roth model which includes a SS benefit comparison option to look at our situation as of 62 again, using this much more sophisticated model (includes determining taxable SS benefits, and all the usual factors ...
by BigFoot48
Wed Apr 16, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3114

Re: Online Retirement Calculators

Pugs135 wrote:Are there any that take into effect pensions? I have not had much luck finding this option.
FIREcalc does. Select the Other Income/Spending tab. http://firecalc.com/
by BigFoot48
Tue Apr 15, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Retirement Calculators
Replies: 17
Views: 1711

Re: gold , silver and copper

selftalk wrote:..these assets have bottomed

How do you determine that?
by BigFoot48
Sun Apr 13, 2014 6:58 pm
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 2244

Re: Woodpeckers...I'm desperate!

We have Gila Woodpeckers that do minor holes in the wood beams on the house and in the fence. The do love to chow down at the hummingbird feeder, though If we shoo them off, them fly to the palm tree 10' away and scurry around the back then peer around the side to see if we're still glaring at them....
by BigFoot48
Sun Apr 13, 2014 9:59 am
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 3444

Re: Woodpeckers...I'm desperate!

How about some 1/4" hardware cloth covering the target area? Maybe use some spacers to raise it off the wall by an 1". Bird gets frustrated and moves on to the neighbors.
by BigFoot48
Sat Apr 12, 2014 9:10 pm
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 3444

Re: Online Retirement Calculators

I've been thinking recently of re-badging my Roth conversion model to be an in-retirement calculator as it pretty much covers all of the factors I see in other calculators, and has somewhat morphed from its original purpose with the addition of the SS benefit comparison and other things. Does anyone...
by BigFoot48
Sat Apr 12, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Retirement Calculators
Replies: 17
Views: 1711

Re: Updating Windows 8 to 8.1

My new Acer has different drivers for 8.1 than 8, so check your drivers. Yesterday MS issued a huge update for 8.1 and you might want to load that.
by BigFoot48
Thu Apr 10, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Updating Windows 8 to 8.1
Replies: 15
Views: 1099

Re: KeePass vs LastPass

I haven't been using a keyfile but also started thinking about it as a result of this thread. It would seem the open database showing the source isn't a problem because its open. When closed that path and file name is secured within the encrypted database. When open everything in the database is ope...
by BigFoot48
Thu Apr 10, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6025

Re: Worth $1.6m but clueless on investments

Welcome to Bogleheads. You were fortunate to find this resource as it may improve your future financial life significantly. I second the recommendation for you to adopt the Three-Fund portfolio. There is little reason to use anything else at this point. It's easy, and no more worrying about individu...
by BigFoot48
Thu Apr 10, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worth $1.6m but clueless on investments
Replies: 15
Views: 3460

Re: KeePass vs LastPass

I have used KeePass, so I'll answer for that. You just need your .kdbx file accessible from where you want to log in. This could mean that you install KeePass on a new computer you want to use (your mother's) or that you install an executable on a USB stick. I keep my kdbx file in Dropbox so it's a...
by BigFoot48
Thu Apr 10, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6025

Re: Social Security Calculators

A feature in my Retiree Roth Conversion Decision Model is provided to compare two alternative Social Security benefit scenarios, including benefit amounts, starting years and the death of a spouse, and forecasts the impact on income, taxes and long-term portfolio results. The results include determi...
by BigFoot48
Wed Apr 09, 2014 11:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculators
Replies: 39
Views: 5111

Re: heartbleed - widespread internet security problem

I checked Schwab with the third tool listed above and it reported: "TLS extension 15 (heartbeat) seems disabled, so your server is probably unaffected." but I will wait for confirmation from Schwab before rushing to change the password, which I actually changed a week ago. Advice on what t...
by BigFoot48
Wed Apr 09, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16555

Re: 54 year old new investor with no retirement savings

Behind, I think you need to seek out additional income sources wherever they might be, like mowing lawns or working nights at a 7-11, and save every cent you can. You also need to cut personal expenses to the bone, such as getting a low cost cell phone (and only phone) vs. one that results in high m...
by BigFoot48
Wed Apr 09, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 54 year old new investor with no retirement savings
Replies: 14
Views: 2529

Re: How often do you rebalance to maintain your AA

5/25 bands ... Can you please define or provide a link that explains this? Here's a thread that discusses Larry Swedroe's Absolute 5%, Relative 25% rebalancing bands method. http://www.bogleheads.org/forum/viewtopic.php?t=61897 Another thread on only the 5/25 method: http://www.bogleheads.org/forum...
by BigFoot48
Wed Apr 09, 2014 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: How often do you rebalance to maintain your AA
Replies: 35
Views: 1682

Re: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix

JerLon wrote:I'm still game for any small town, restaurant, or sight suggestions.

Let's not forget the Meteor Crater just 37 miles east of Flagstaff. http://en.wikipedia.org/wiki/Meteor_Crater
by BigFoot48
Mon Apr 07, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix
Replies: 26
Views: 1083

Re: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix

Some ideas that come to mind: Arcosanti - a place to buy cast bells and view a vision of an alternative community - just off I-17 south of Sedona. http://arcosanti.org/ (bells also sold in Scottsdale location) Montezuma Castle and Montezuma Well - concur on this for some ancient culture study Jerome...
by BigFoot48
Mon Apr 07, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix
Replies: 26
Views: 1083

Re: How are you preparing for the coming bear market

In short, my preparations for the coming bear market were made in 2007 and nothing that's happened since then has convinced me to change. Mine too. That slide dropped me down to 42% stock allocation from 57% a year earlier and I decided to set it at 45%. The recent bull pushed it back up to 50% so ...
by BigFoot48
Sat Apr 05, 2014 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7861

Re: Windjammer/Tall ship cruise

Took a Windjammer cruise on the Flying Cloud out of Tortola back in the day.... We thought it was great.... Spent 3-4 days in Tortola before and after the cruise.... The Caribbean is one of our most favorite places in the February - March time frame to escape the Michigan weather.... Just my $0.02....
by BigFoot48
Thu Apr 03, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: Windjammer/Tall ship cruise
Replies: 15
Views: 1243

Re: "Protecting Your Portfolio From Old Age"

The WSJ has an article relevant to this topic: "Finances and the Aging Brain - The latest research on why even smart investors fall prey to financial predators." http://online.wsj.com/news/articles/SB10001424052702304185104579435470263886360?mod=WSJ_hps_sections_yourmoney&mg=reno64-wsj...
by BigFoot48
Sat Mar 29, 2014 10:59 am
 
Forum: Investing - Theory, News & General
Topic: "Protecting Your Portfolio From Old Age"
Replies: 19
Views: 2178

Re: Retiree Roth Conversion Decision Model

A new version 14.3 is now available: https://www.dropbox.com/s/bqs4uuz3tg8ngcc/Retiree%20Roth%20Conversion%20Model%20v14.3.xls Boglehead wijwij discovered that using certain withdrawal factors the "Existing Roth" account at the end of the modeling period may have a balance remaining, even ...
by BigFoot48
Fri Mar 28, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Conversion Decision Model
Replies: 102
Views: 19414

Re: Thinking About a New Laptop

I bought a new laptop about a month ago from Costco. I wanted a lighted keyboard and this Acer Aspire V-573P Intel i5 12GB 1TB 15.6" screen for $699 fit my requirements. It also has a touchscreen that I don't really use and is running Win8.1, which I'm starting to like. The primary thing I don'...
by BigFoot48
Fri Mar 28, 2014 12:00 am
 
Forum: Personal Consumer Issues
Topic: Thinking About a New Laptop
Replies: 45
Views: 2368

Re: Morningstar Discussion On Roth Conversions

As I think converting an IRA to a Roth for the benefit of children who will inherit it as the best reason to do conversions, I thought this point raised by Kitces was important to keep in mind: The reality was, we've seen scenarios where mom and dad converted at 40% tax rates, they could have given ...
by BigFoot48
Mon Mar 24, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: Morningstar Discussion On Roth Conversions
Replies: 11
Views: 1142

Morningstar Discussion On Roth Conversions

Interesting discussion between financial-planning expert Michael Kitces and Morningstar's Christine Benz on why investors need to analyze current and future tax rates, RMDs, and estate plans when weighing options between Traditional and Roth IRAs. http://www.morningstar.com/cover/videocenter.aspx?id...
by BigFoot48
Fri Mar 21, 2014 9:09 pm
 
Forum: Investing - Theory, News & General
Topic: Morningstar Discussion On Roth Conversions
Replies: 11
Views: 1142

Re: Prius performance in extremely hot climates

You might want to consider my model, the Ford C-Max Energi or the Hybrid version. A/C works just fine in the trackless desert where I live, and I do love the remote start feature when walking across a hot parking lot toward it! Consumer Reports loves it too, more than the Prius: http://www.consumerr...
by BigFoot48
Fri Mar 21, 2014 8:05 pm
 
Forum: Personal Consumer Issues
Topic: Prius performance in extremely hot climates
Replies: 14
Views: 1014

Re: How much do you make a year in Dividends?

Anyone who gave a yield without giving the dollar amount of the income did not answer the OP's original request. What do amounts and income mean to you? I didn't answer it but a bunch of people did. Instead I answered it in the way I think he intended it to be answered, although I could be wrong.
by BigFoot48
Wed Mar 19, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: How much do you make a year in Dividends?
Replies: 72
Views: 5736

Re: How much do you make a year in Dividends?

I looked at our last 12 years. The dividends and capital gains income I received varied from 2.2% (2013) to 4.8% (2007) of the average of the beginning and ending of the year portfolio balances. The average over the 12 years was 3.2%. 95% of our portfolio is in an IRA. Allocation was 50%/50% in 2002...
by BigFoot48
Wed Mar 19, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: How much do you make a year in Dividends?
Replies: 72
Views: 5736

Re: Retiree Roth Conversion Decision Model

A new version 14.2 is now available: [Replaced by newer version - see post #1 for link] Boglehead cdbma found an error in how the "Lump Sum Events" are selected. All three events were being selected based on the "include/exclude-y/n" setting for the Inheritance item. This update ...
by BigFoot48
Mon Mar 17, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Conversion Decision Model
Replies: 102
Views: 19414

Re: Spreadsheet for backtesting (includes TrevH's data)

LibreOffice Calc 4.2.1.1 appears to run rev13c just fine. I did have a problem with Calc 4.2.2 running my Roth model, so I can't recommend it but it may also run this model.
by BigFoot48
Sun Mar 16, 2014 10:12 am
 
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 587
Views: 351779

Re: About to take the plunge, John Bogle 'stocks might drop

I am going to just lump in my 80/20 and probably never really look at it for (hopefully) 20 years and just keep putting money in no matter where the market is at. Good decision, but you should look at it from time to time to keep it at your chosen allocation at the time. Good luck, or perhaps bette...
by BigFoot48
Wed Mar 12, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to take the plunge, John Bogle 'stocks might drop 25%'
Replies: 42
Views: 6520

Re: True Detective anyone?

4. Either one of them surviving their wounds...given that they had no cell or land line phone service was highly unrealistic, even allowing some leeway for the sniper's instructions to turn over the info after 24 hours if they weren't heard from. I assumed Marty "convinced" the woman in t...
by BigFoot48
Mon Mar 10, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: True Detective anyone?
Replies: 61
Views: 5187

Re: True Detective anyone?

yolli71 wrote:I was thinking...come on! There's all this great buildup all season for this??? It just felt like the ending was very rushed to me.

Yes, plot fudging points well taken, but the feeling of dread generated in the penultimate segment was impressive.
by BigFoot48
Mon Mar 10, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: True Detective anyone?
Replies: 61
Views: 5187

Re: What video games are you currently playing?

Just noticed this: The Hitchhiker's Guide to the Galaxy Game - 30th Anniversary Edition - http://www.bbc.co.uk/programmes/articles/1g84m0sXpnNCv84GpN2PLZG/the-hitchhiker-s-guide-to-the-galaxy-game-30th-anniversary-edition I actually got the first response right! Boy did that take me back to my Zork ...
by BigFoot48
Mon Mar 10, 2014 12:10 pm
 
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 99
Views: 4236

Re: True Detective anyone?

Great, scary season finale!
by BigFoot48
Mon Mar 10, 2014 11:59 am
 
Forum: Personal Consumer Issues
Topic: True Detective anyone?
Replies: 61
Views: 5187

Re: Est. medical costs early retirement.

Our health care, including insurance and out-of-pocket has averaged $9,400/yr over the past 10 years for both of us (age 56-65), with the highest year being $15,600 (broken ankle year). Now that we are on Medicare I suspect it will be about the same. I track every dollar spent via Microsoft Money.
by BigFoot48
Mon Mar 10, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Est. medical costs early retirement.
Replies: 9
Views: 629

Re: Poll: When did you retire? Would you do it all over agai

I consider being able to successfully (financially - mentally) retire at 50 as being one of my major life achievements. Heck yes I would do it again - except for building that dream house in the country part that only lasted three years. Would not do that again!
by BigFoot48
Mon Mar 10, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 10709

Re: Est. medical costs early retirement.

$30,000 a year for two seems extremely high. We had retiree company health insurance which allowed us to retire at 50, and now there is ADA which serves a similar purpose. I would take an ADA net premium amount, add the deductible, and use that in your estimates. If you are reasonably healthy even t...
by BigFoot48
Mon Mar 10, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Est. medical costs early retirement.
Replies: 9
Views: 629

Re: Net Worth Survey, 2014 Edition

That chart was with pensions and SS. Here it is without.

Image
by BigFoot48
Sat Mar 08, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18678

Re: Net Worth Survey, 2014 Edition

I messed up my entry in row 704. I have 724K of financial assets, not 7.2M, and it should be 80% stocks. Sorry. I fixed your entry. I've also removed four entries that were incomplete resulting in a blank net worth result. I also removed two obvious duplicate entries. I left the entry with a portfo...
by BigFoot48
Fri Mar 07, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18678

Re: Retiree Roth Conversion Decision Model

A new version 14.1 is now available. See post #1 for current version. As this version includes two minor calculation corrections, I recommend all users update to it. The changes include: 1. Fixed inherited tIRA RMD calculation to the correct method of using the Single life expectancy table and subtr...
by BigFoot48
Thu Mar 06, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Conversion Decision Model
Replies: 102
Views: 19414

Re: Bogleheads.org Home Page Updated

I don't know if it's related to the Home Page changes, but is anyone else having a problem using Firefox to view forum posts and the site? This started for me about three days ago. When I go to http://www.bogleheads.org I see the 1980's style page with new posts for the last three days, then when I ...
by BigFoot48
Wed Mar 05, 2014 10:17 am
 
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 9141

Re: How Frequently Should A CO Detector Be Replaced?

I go with 10 years and just replaced all of ours. Two of the new ones are wirelessly inter-connected which didn't exist 10 years ago. Bought from Amazon.
by BigFoot48
Tue Mar 04, 2014 1:09 am
 
Forum: Personal Consumer Issues
Topic: How Frequently Should A CO Detector Be Replaced?
Replies: 14
Views: 712

Re: IRA withdrawals to avoid taxes on large RMD

Holy cow. That sounds like a huge flaw for any Roth conversion model. Even if you limit the income levels to avoid things like phaseouts of exemptions and deductions, or the net investment income tax, the 30% marginal rate is going to bite many Bogleheads. In that same thread, I pointed out how a s...
by BigFoot48
Sun Mar 02, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawals to avoid taxes on large RMD
Replies: 26
Views: 1909

Re: IRA withdrawals to avoid taxes on large RMD

mnvalue wrote:See this for discussion of the 30% bracket: viewtopic.php?f=2&t=132597

No, my Roth conversion//SS benefits model does not include deduction and exemption phase-outs, or dividend tax rates, or any other exotic tax provision that might result in a 30% rate.
by BigFoot48
Sat Mar 01, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawals to avoid taxes on large RMD
Replies: 26
Views: 1909

Re: IRA withdrawals to avoid taxes on large RMD

Try my model. It calculates RMD, Federal taxes, including taxes on Social Security benefits, and allows one to test different yearly Roth conversion amounts. Retiree Roth Conversion Decision Model Does this model take into account marginal tax rates that are not the bracket rates? e.g. the 30% marg...
by BigFoot48
Sat Mar 01, 2014 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawals to avoid taxes on large RMD
Replies: 26
Views: 1909
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